Worst House on the Street Logo
Colonade, Shirebrook, NG20 8BL - Image 1
Colonade, Shirebrook, NG20 8BL - Image 2
Colonade, Shirebrook, NG20 8BL - Image 3

Colonade, Shirebrook, NG20 8BL

East Midlands

£300,000

Listed on 15/09/2026

The listing

Property details

Bedrooms
3
Type
Mixed Use

Description

This substantial mixed-use property in Shirebrook presents an exceptional opportunity for investors, developers, or owner-occupiers. The ground floor features a spacious former commercial premises, ideal for various potential uses, while the upper floors offer a generous three-bedroom residence. This layout allows for flexible living arrangements, enabling an owner-occupier to run a business on the ground floor while enjoying independent living above. Investors may find potential in generating separate income streams from the commercial and residential spaces. The residential accommodation comprises a large living room, separate dining room, kitchen, three bedrooms, and a family bathroom. While the living space would benefit from modernisation, it presents an excellent chance to enhance value and create an appealing family home or rental property. Externally, the property boasts a private driveway, garage, and a lawned area, along with additional space at the rear that offers further development potential. Conveniently located within Shirebrook, the property is close to local shops, amenities, schools, and transport connections. With its unique combination of commercial and residential spaces, this property offers numerous avenues for improvement and repositioning, making it a compelling investment or personal opportunity.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

40out of 100
Grade ELow opportunity

Confidence: LOW

This substantial mixed-use property in Shirebrook presents a unique opportunity for both investors and owner-occupiers. While the asking price of £300,000 appears dear when compared to the local average of £191,713, the property offers significant scope for improvement and value creation. With a dated interior and a flexible layout, there is ample potential to modernise the three-bedroom residence above and reconfigure the sizeable commercial space on the ground floor. The good condition of the exterior and garden adds to the overall appeal, providing a solid foundation for renovation.

Despite the limited score due to the lack of usable floor area and high asking price against local values, the mixed-use potential here is substantial. Those looking to invest in a property that can generate income while offering a comfortable living space will find this an intriguing proposition. With renovation costs estimated between £40,000 and £120,000, the project promises to enhance both the residential and commercial aspects, creating a versatile property with lasting value.

Key opportunities

  • Substantial mixed-use potential with commercial and residential spaces
  • Opportunity to modernise a dated interior for increased value
  • Good location near amenities and transport connections

Key risks

  • Asking price appears dear compared to local £/sqf metrics

Unlock the full analysis

Sign up to see the refurb profile, below-market value, yields, and local market trends for this and every other property that has them.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Colonade, Shirebrook, NG20 8BL
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates